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Participant Sues Frontier Over Investment in Legacy Stock
October Three Consulting Link to more items from this source
Oct. 5, 2018
"The case is interesting in several respects: [1] Legacy stock is emerging as a significant litigation target ... [2] The plaintiff ... focuses on the ERISA fiduciary duty to diversify plan investments. And [3] the claim is based not on a drop in value but rather the alleged underperformance of Verizon stock 'relative to prudently diversified alternatives such as an S&P 500 tracking ETF.' " [Reidt v. Frontier Comm. Corp., No. 18-1538 (D. Conn. complaint filed Sept. 11, 2018)]

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